Netflix Content Chief Buys Ellen DeGeneres’s California Estate

Variety: Netflix chief content officer Ted Sarandos, who hoovered up nearly $22.5 million in total compensation for the 2017 fiscal year, has traded up from a $21 million dollar celeb-pedigreed ocean-front residence in Malibu, Calif., to a $34 million celeb-pedigreed ocean-view compound in the low-key yet high-priced seaside community of Montecito.